CB CHAPTER 9

What is employee benefits?

• The part of total compensation package other than pay for time worked

• Including salary increment, bonuses, etc

• Including staff recognition, letter of appreciation, etc

• The payment that employer should provide every month

Below are the reason of increasing in employee benefits EXCEPT _________________.

• Employer impetus

• Employee impetus

• Government impetus

• Cost effectiveness of benefits

Most employee benefits are not taxable. This statement refers to which reason of increasing in employee benefits?

• Employer impetus

• Employee impetus

• Government impetus

• Cost effectiveness of benefits

Below are the value of employee benefits EXCEPT __________.

• Employees understand true value of benefits

• Employees have preferences regarding types of benefits they want

• Employees often take benefits for granted

• Employees often undervalue their benefits

Below are the benefits planning and design issues EXCEPT __________.

• How to attract good employees

• How to expect benefits as part of their total compensation

• How to deal with undesirable turnover

• Ensuring that benefits are adequate

How should benefits be financed?

• Noncontributory or contributory

• Noncontributory or employee financed

• Noncontributory or contributory or employee financed

• Noncontributory or contributory or benefit package

Employees choose packages that best satisfy their unique needs. This is refer to which type of benefit package?

• Flexible benefits

• Standard benefits

• Employer preferences

• Employee preferences

Below are the factors influencing the choice of benefit package EXCEPT __________.

• Cost relative to benefits

• Competitor offerings

• Legal requirements

• Personal needs

Below are the role of benefits given to employees EXCEPT __________.

• Turnover

• Attraction

• Retention

• Motivation

Below are the issues in administrative benefits program EXCEPT _____________.

• Claim processing

• Personal needs of employees

• Communicating about the benefits program

• Cost containment